The Average Tax Rate Required to Service the Public Debt

question 56

Multiple Choice

The average tax rate required to service the public debt is roughly measured by

• A) the absolute size of the debt.
• B) the debt as a fraction of the GDP.
• C) interest on the debt as a percentage of the GDP.
• D) the ratio of government spending to the GDP.

---

Definitions:

Theology Classes

Educational courses or sessions dedicated to the study of religious beliefs, divine elements, and the nature of godliness.

Sixteenth Century

The period of time from 1501 to 1600, noted for significant global exploration, cultural transformations in Europe, and the beginnings of the modern era.

Seventeenth Century

The seventeenth century spans the years 1601 to 1700, marking a period in history known for significant developments in science, art, and politics.

Social Media

Describes platforms and technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks.